Swiss Franc and Euro Rise in Mixed Market, Little Reaction to Jobless Claims and BoE
Swiss Franc and Euro jump in overall mixed markets. There were little reaction to better than expected job data from the US. BoE’s slowing of asset purchases, and surprising voting prompted brief rally in the Pound, but there is no...
Why married couples must wait for tax refunds on $10,200 of unemployment benefits
Samuel Corum/Bloomberg via Getty Images It’s unclear how many taxpayers will get a refund and what share of them are married. Roughly 40 million people collected unemployment benefits in 2020, according to the Century Foundation. It’s also unclear when the...
GBP/USD: Could BoE Trigger Break Of 1.4 Handle?
The focus is turning to the Bank of England with the central bank meeting due at 12:00 BST. Investors will be wondering whether Andrew Bailey and his MPC colleagues will start turning more hawkish amid improvement in data and ongoing...
USOIL Rises Above Major Resistance
WTI crude price consolidates gains as US inventories slash another 8M barrels. By clearing the resistance at 66.30, a major level from the previous sell-off the price action has signaled a bullish continuation. March’s high at 67.90 would be a...
Aussie Mildly Lower on Tensions with China, Sterling Steady ahead of BoE
Australian Dollar trades generally lower today, after China announced to “indefinitely” suspended all activities under the China-Australia Strategic Economic Dialogue. But the spike on Aussie was relatively shallow and short-lived. Traders are quick to remember that the tariffs by China...
Stock futures are flat after the Dow closed at a record
U.S. stock index futures were little changed during overnight trading on Wednesday, after the Dow closed at a record. Futures contracts tied to the Dow Jones Industrial Average were 6 points lower. S&P 500 futures and Nasdaq 100 futures were...
British Pound Steady, BoE Meeting Next
After starting the week with strong gains, the British pound has settled down. In the North American session, GDP/USD is trading at 1.3900, up 0.09% on the day. The British economy continues to perform well, as the recovery is gaining...
April Nonfarm Payrolls to Glide Higher, but Dollar has Other Matters to Care
US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria,...
GBP/USD Pair Started a Decent Recovery and Now Trading Above 1.3850
The British Pound corrected lower and tested the 1.3800 support zone against the US Dollar. The GBP/USD pair started a decent recovery and it is now trading nicely above 1.3850. There was a break above the 1.3880 resistance zone and...
Canadian Dollar Higher With Commodity Currencies, Euro Weakens
Commodity currencies continue to trade as the stronger ones entering into US session. In particular, Canadian is helped by extended rally in oil prices. New Zealand Dollar continues to receive support from better than expected job data. Overall sentiments are...
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